ComEd Submits 2028-2031 Grid Plan with Over $13 Billion in Investments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Grid Investment Plan: ComEd's 2028-2031 grid plan submitted to the Illinois Commerce Commission includes over $13 billion in investments aimed at addressing challenges from extreme weather and rising energy demands, thereby ensuring safe and reliable electricity service.
- Customer Cost Control: The plan projects that by 2028, the average residential customer's electricity costs will account for 1.47% of household income, increasing to 1.56% by 2031, ensuring that energy costs do not exceed 3% or 6% of household income, thus enhancing affordability for customers.
- Competitive Pricing: According to the latest benchmarking from the Edison Electric Institute, ComEd's average residential rate of 15.34 cents per kWh is significantly below the national average of 20.26 cents per kWh for the top 20 metropolitan markets, showcasing its competitive edge nationwide.
- Customer Assistance Programs: In 2025, ComEd provided $108 million in assistance to 220,000 customers and plans to return over $803 million to customers this year, further expanding its leading energy assistance program to help customers manage their energy costs.
Analyst Views on EXC
Wall Street analysts forecast EXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXC is 50.23 USD with a low forecast of 42.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
7 Buy
5 Hold
2 Sell
Moderate Buy
Current: 44.150
Low
42.00
Averages
50.23
High
57.00
Current: 44.150
Low
42.00
Averages
50.23
High
57.00
About EXC
Exelon Corporation is a utility services holding company engaged in the energy transmission and distribution businesses through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Its segments include ComEd, PECO, BGE, Pepco, DPL and ACE. ComEd segment is engaged in purchasing and regulating the retail sale of electricity. PECO segment is engaged in purchasing and regulating the retail sale of electricity and natural gas. Through its business services subsidiary, Exelon Business Services Company, LLC (BSC), it provides its subsidiaries with a variety of support services at cost, including legal, human resources, finance, information technology and supply management services. BGE segment is focused on transmission and distribution of electricity and distribution of natural gas to retail customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
